XAUUSD (1204.39): Gold prices attempted to post gains but price action fell back to the trend line. However, the reversal which came from the doji near the trend line could signal continued gains. Gold prices could potentially be testing the main resistance level at 1219.75. To the downside, the support at 1197.50 could be tested. A decline below this level could switch the bias back into a sideways mode.

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